The Government is set to press ahead with an overhaul to cash ISAs despite concerns over pushing people towards riskier investments at a time of turbulence in the stock markets. The Treasury is considering limiting the amount that savers can put in their tax-free accounts each year, with a decision expected later this year. Economists
By JAMIE BULLEN and LETTICE BROMOVSKY Updated: 10:35, 3 April 2025 UK stocks plunged immediately after markets opened this morning as chaos caused by Donald Trump’s tariffs take effect. London’s FTSE 100 Index dropped sharply on opening, falling 122.4 points or 1.4% to 8486.09 after President Trump unveiled sweeping new taxes on US imports. World
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be
Householders are being warned about a series of changes coming in March that could have an impact on their finances. Among the changes to look out for are a rise in train fares and some DWP benefits being axed for good. There will also be Chancellor Rachel Reeves’ Spring Budget to take note of. Meanwhile,
Changes to cash ISAs are reportedly being considered by the Government but building societies have called against this Building societies have argued against calls by City firms to scrap the cash ISA in the past week, warning any change to savers could have negative consequences. ISAs allow those with cash to put aside their money
By JEFF PRESTRIDGE GROUP WEALTH & PERSONAL FINANCE EDITOR Published: 22:28, 7 February 2025 | Updated: 08:43, 8 February 2025 Rachel Reeves was last night warned that axing tax-free saving pots could crash the mortgage markets. The Chancellor has been lobbied by City bosses in recent weeks about scaling back the tax breaks on cash
CHANCELLOR Rachel Reeves’s Budget will create short-term economic growth at the cost of higher inflation and lower wages, researchers say. An increase in government spending will see growth shoot up to 1.3 per cent in 2025 before falling slightly to 1.2 per cent in 2026, said a think tank report published today. The boost, however, may only
(Bloomberg) — The UK’s borrowing costs are heading for their biggest three-day drop in more than a year, but traders see little relief ahead for the pound amid lingering concerns about the government’s finances. Most Read from Bloomberg The country’s 10-year yields have slid over 25 basis points since Wednesday, following a combination of weaker
I’m losing track of all the taxes that PM Keir Starmer and chancellor Rachel Reeves are aiming at the older generation. Now it looks like I need to add another one to the list. Ten million pensioners will lose up to £300 towards their winter fuel bills this year, even as energy prices rebound. If
In Westminster, one of the richest boroughs in the country, the annual council tax bill for a typical home this year is £973. By contrast, in Hartlepool, a heavily deprived part of the country, homeowners in the equivalent tax band are charged £2,278. “Imagine if Labour were to serve two terms – that 10 years